Baupost Group LLC MA Decreases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Baupost Group LLC MA reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 29.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 350,681 shares of the company’s stock after selling 143,537 shares during the period. Jacobs Solutions comprises 1.3% of Baupost Group LLC MA’s investment portfolio, making the stock its 15th largest holding. Baupost Group LLC MA’s holdings in Jacobs Solutions were worth $45,904,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions in the second quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. LRI Investments LLC purchased a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions in the third quarter valued at $42,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

J has been the subject of several analyst reports. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Tuesday. They set a “buy” rating on the stock. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Citigroup reduced their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Finally, Robert W. Baird increased their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.50.

Jacobs Solutions Stock Up 1.0 %

Shares of NYSE:J opened at $140.69 on Wednesday. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71. Jacobs Solutions Inc. has a 1-year low of $101.64 and a 1-year high of $150.54. The company’s fifty day moving average is $141.92 and its two-hundred day moving average is $142.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the company posted $1.90 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Insider Buying and Selling

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.